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View All NewsCareer Bank H1 revenue dips 10%
Japanese staffing firm Career Bank (4834: JP) reported revenue today for the first six months ended 30 November 2023 of JPY 3.50 billion (USD 21.8 million), an increase of 0.1% compared to last year.
| (JPY millions) | H1 2023 | H1 2022 | Change | H1 2023 (USD million) |
| Revenue | 3,154 | 3,505 | -10.0% | 21.8 |
| Gross Profit | 590 | 719 | -17.9% | 4.1 |
| Gross Margin | 18.7% | 20.5% | - | - |
| Operating Profit | -115 | 54 | - | -0.8 |
| Net Income | -27 | 97 | - | -0.2 |
Career Bank offers temporary staffing services, recruitment, payroll, outplacement, and other services. The “Other” segment includes Career Bank’s language training business in China.
The group said its recruitment business saw an increase in sales. Revenue in the BPO business fell over the year. Revenue also decreased in the language training business.
Looking ahead, the company forecasted revenue of JPY 7.56 billion (USD 52.4 million) for the year ended 31 May 2024.
Career Bank shares closed today at JPY 1,195 (USD 8.29), down 2.05% on the day. The company has a market cap of JPY 1.18 billion (USD 8.1 million).